Former Bellpenny operations director Dawn Pearce-Herzberg has launched Vines Row, a new business venture that she believes will provide a key missing ingredient to the existing IFA acquisitions market.
The UK market saw net outflows of €1.7bn in October, according to the latest European fund flow trends data from Lipper, the highest of any single European fund market.
AXA will divest part of its UK business, including the wealth management division, according to media reports.
Stephen Lansdown is becoming a partner and shareholder in Edge Investments, a creative industries investment group.
City Financial has put the future of its Defensive Global Bond fund under review following the departure of the group’s head of fixed income Graham Glass.
Walker Crips reported a five-fold rise in pre-tax profits for the six months to 30 September, in spite of a 30% increase in the Financial Services Compensation Scheme levy.
A former investment analyst at Aviva Investors, Mothahir Miah, has been fined £139,000 and banned from FCA-regulated activity after ‘cherry picking’ trades.
Canaccord Genuity sees a more challenging outlook for UK earnings and dividend growth in 2016, which could see the recent strength of UK equity income investment trusts wane.
Easyjet shares have fallen significantly today despite the airline reporting full year profits up 18% to £686m.
The latest Henderson Global Dividend index shows an increasing polarisation between emerging and developed markets, reflecting in particular the contrasting fortunes of the US and China.
Almost two thirds (61%) of advisers feel optimistic about the UK economy, and half believe the UK is the best investment prospect in Europe, according to the latest research from Cofunds.
Aberdeen Asset Management will announce job cuts at the end of the month, but these will not include front-end investment staff, according to weekend newspaper reports.
